No Return of Capital. The payments made pursuant to Section 4.1.1, shall not be deemed a return of any portion of a Member’s initial capital contribution. However, the Manager may elect to use such proceeds to use as a return of capital to Class A Members instead of distributions so long as Member receive their promised returns. Such payments may be made if the Manager deems that such payments will present a tax advantage to Class A Members.
Appears in 13 contracts
Samples: Company Agreement (Paradyme Equities, LLC), Company Agreement (Paradyme Equities, LLC), Company Agreement (Paradyme Equities, LLC)
No Return of Capital. The payments made pursuant to Section 4.1.1, shall not be deemed a return of any portion of a Member’s Members initial capital contribution. However, the Manager may elect to use such proceeds to use as a return of capital to Class A Members instead of distributions so long as Member Members receive their promised returns. Such payments may be made if the Manager deems that such payments will present a tax advantage to Class A Members.
Appears in 8 contracts
Samples: Subscription Agreement (Gilmore Homes - Gilmore Loans, LLC), Subscription Agreement (Gilmore Homes - Gilmore Loans, LLC), Subscription Agreement (Gilmore Homes - Gilmore Loans, LLC)
No Return of Capital. The payments made pursuant to Section 4.1.1, shall not be deemed a return of any portion of a Member’s initial capital contribution. However, the Manager may elect to use such proceeds to use as a return of capital to Class A G and Class L Members instead of distributions so long as Member receive their promised returnsapplicable Preferred Return. Such payments may be made if the Manager deems that such payments will present a tax advantage to Class A G and Class L Members.
Appears in 3 contracts
Samples: Limited Liability Company Agreement (Mission First Capital LLC), Limited Liabiltiy Company Agreement (Mission First Capital LLC), Limited Liabiltiy Company Agreement (Mission First Capital LLC)
